Latest China DCM news
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US investors get in on Kaisa’s latest dollar bond
Chinese real estate company Kaisa Group Holdings chose to go down the 144A route for its latest bond, raising $400m from a deal that hit the higher end of its size expectations.
08:45 AM -
CCB nets $1.55bn from euro, dollar bonds
China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.
08:30 AM -
Geely preps third auto ABS, scraps mezz tranche
Genius Auto Finance will come back to the Chinese auto loan ABS market for a Rmb4bn ($564m) trade next week. That is the same size as its last deal, but the originator will scrap the mezzanine tranche this time around.
05:45 AM -
Kunming LGFV debuts offshore with $300m bond
High yield issuer Kunming Municipal Urban Construction Investment & Development Co priced its inaugural dollar bond on Monday, raising $300m at a yield that was comparable to some higher rated local government financing vehicles (LGFVs).
15 Oct 2019 -
Sinopharm seals tightly-priced Panda after two-year hiatus
Sinopharm raised Rmb2.8bn ($396m) from a red Panda bond on Saturday. The state-owned traditional Chinese medicine company switched to a shorter tenor to achieve tight pricing.
14 Oct 2019 -
China Grand Auto bonds plunge after exchange offer
China Grand Automotive Services Group Co has launched an offer to exchange two dollar bonds in part, leading to a sell-off in its existing curve in the days following the announcement.
14 Oct 2019 -
Jiayuan International builds $200m Friday deal
Chinese homebuilder Jiayuan International Group dipped into the market again on Friday, selling a $200m bond.
14 Oct 2019 -
SMIC seeks cheap funding with super short-term Panda
Hong Kong-listed chipmaker Semiconductor Manufacturing International Corp has sealed a Rmb1.5bn ($211m) Panda bond, opting for a super short-term tenor for the many advantages it offers, said sources close to the situation.
11 Oct 2019 -
Third time’s a charm: E-House rakes in $200m
E-House (China) Enterprise Holdings returned to the dollar market for the third time this year, raising $200m from its latest deal.
11 Oct 2019 -
ICBC pushes pricing limits with new dollar FRN
Industrial and Commercial Bank of China raised $1bn from two Libor-linked floating rate notes (FRNs) at record tight levels, a day after its peer Bank of China paid up to issue Asia’s first dollar floater tied to a new benchmark.
11 Oct 2019
